Seattle Mariners pitcher Hisashi Iwakuma signed a two-year, $14 million extension with the club, CBS Sports reported Saturday.
Iwamura's new deal includes a $7 million option for 2015.
"Hisashi did a very nice job for us at the end of last season as a starting pitcher and we are happy that we have come to a mutual agreement," Mariners general manager Jack Zduriencik said in a press release. "We look forward to his veteran presence and to his contributions for the next few seasons."
Iwakuma was 9-5 with a 3.16 earned run average in 30 appearances this year, including 8-4 with a 2.65 ERA in 16 starts.
"Kuma really helped solidify our rotation in the second half of the season," manager Eric Wedge said in the same release. "He is a competitor on the mound and did a great job for us. He got stronger with each start during the season and gained confidence. I am looking forward to seeing him on the field ready to work when we start spring training in Peoria (Ariz.)"
The Seattle Times reported that the Mariners expect to spend more money and add to their $85 million payroll for 2013.